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2023
Flag → Flag
Exports $3.21BRnk 24 / 220
2023
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Top Product $298MCars
2023
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Exports $7.75BRnk 6 / 213
2023
Flag → Flag
Top Product $4.98BNitrogen Heterocyclic Compounds
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
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GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$56,034CURRENT US$
Rnk 18 / 196
2013-2023
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GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195

About

Belgium-Austria Trade: In 2023, Belgium exported $3.21B to Austria. The main products that Belgium exported to Austria were Cars ($298M), Harvesting Machinery ($253M), and Tractors ($127M). Over the past 5 years the exports of Belgium to Austria have increased at an annualized rate of 5.8%, from $2.42B in 2018 to $3.21B in 2023.

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

Austria-Belgium Trade: In 2023, Austria exported $7.75B to Belgium. The main products that Austria exported to Belgium were Nitrogen Heterocyclic Compounds ($4.98B), Cars ($431M), and Vaccines, blood, antisera, toxins and cultures ($195M). Over the past 5 years the exports of Austria to Belgium have increased at an annualized rate of 29.7%,  from $2.11B in 2018 to $7.75B in 2023.

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €281M and imported €201M from Austria, resulting in a positive trade balance of €80.4M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-13.9M (-4.72%) from €295M to €281M, while imports decreased by €-869M (-81.2%) from €1.07B to €201M.

Trade In October 2024, the top exports of Belgium to Austria were Machinery, mechanical appliances, & parts (€43.7M), Pharmaceutical products (€42.3M), Cars, tractors, trucks & parts thereof. (€40.5M), Plastics & articles thereof (€28.9M), and Electrical machinery and electronics (€18.4M). In October 2024 the top imports of Belgium from Austria were Pharmaceutical products (€62.8M), Cars, tractors, trucks & parts thereof. (€43.5M), Machinery, mechanical appliances, & parts (€19.8M), Electrical machinery and electronics (€12.4M), and Iron & steel (€12.4M).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Austria was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-5M or -11%), Pharmaceutical products (€-2.99M or -6.6%), and Paints, dyes, & varnishes (€-1.58M or -33.6%). In October 2024, the decrease in Belgium's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Organic chemicals (€-3.01M or -46.5%), Paper articles (€-2.95M or -30.9%), and Plastics & articles thereof (€-1.92M or -15.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-13.9M(-4.72%)
IMPORT GROWTH (October 2023 - October 2024)€-869M(-81.2%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Austria and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $3.21B to Austria. The main products exported from Belgium to Austria were Cars ($298M), Harvesting Machinery ($253M), and Tractors ($127M). During the last 5 years the exports of Belgium to Austria have increased at an annualized rate of 5.8%, from $2.42B in 2018 to $3.21B in 2023.

In 2018, Austria exported $7.75B to Belgium. The main products exported from Austria to Belgium were Nitrogen Heterocyclic Compounds ($4.98B), Cars ($431M), and Vaccines, blood, antisera, toxins and cultures ($195M). During the last 5 years the exports of Austria to Belgium have increased at an annualized rate of 29.7%, from $2.11B in 2023 to $7.75B in 2018.

Exports from Belgium (Flag) to Austria (Flag) (2023)

Exports from Austria (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Austria
Top DestinationGermany$51B

This map shows whether countries import more from Belgium or Austria. Each country is colored based on the difference in imports they receive from Belgium and Austria or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Austria included France ($85.6B), Netherlands ($67.3B), and Italy ($27.7B).

In 2023, countries that imported more from Austria than Belgium included Switzerland ($10.9B), Hungary ($8.42B), and Slovenia ($3.61B).

Difference in imports from Austria (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Austria

Flow
Scale

This chart compares trade between Belgium and Austria by product, considering products traded by both, Belgium and Austria.

During 2023, Belgium had a large net trade with Austria in the exports of Machines ($602M), Transportation ($541M), and Chemical Products ($469M).

During 2018, Austria had a large net trade with Belgium in the exports of Chemical Products ($5.43B), Transportation ($616M), and Machines ($556M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Austria+$149MVaccines, blood, antisera, toxins and cultures
Top Product Potential Austria Belgium+$165MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Austria (Flag) (2020)

Services Exports from Austria (Flag) to Belgium (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Austria. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Austria (Flag) (2023)

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